More Free Stuff Giveaways! College Welfare!

newolddude

Well-Known Member
You've probably :censored2:ed up if you're a Democrat and the Washington Post's Editorial Board is after you.

Opinion | Biden's student loan forgiveness is an expensive, regressive mistake - The Washington Post

"Widely canceling student loan debt is regressive. It takes money from the broader tax base, mostly made up of workers who did not go to college, to subsidize the education debt of people with valuable degrees. Though Mr. Biden’s plan includes an income cap, the threshold does not reflect need or earnings potential, meaning white-collar professionals with high future salaries stand to benefit. Student loans, moreover, are a poor proxy for household income: An analysis by policy researcher Jason D. Delisle found that, in 2016, students from high-income and low-income families were just as likely to take on debt for their first year in an undergraduate program — and students from high-income families borrowed the largest amounts.

Mr. Biden’s plan is also expensive — and likely inflationary. The Committee for a Responsible Federal Budget estimates that extending the loan pause to the end of the year would cost $20 billion, while forgiving $10,000 for households making less than $300,000 would cost $230 billion. Together, these policies would nullify nearly a decade’s worth of deficit reduction from the Inflation Reduction Act. Moreover, it is unclear that the 1965 Higher Education Act even grants the president the legal authority to take such a sweeping step, given that it was historically understood to permit only more targeted relief."
Jeff Bezos is pissed someone smaller than him got a break? I am shocked.

Get Trump back in office so billionaires can get more tax breaks!
 

Wally

BrownCafe Innovator & King of Puns
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One in five spends checks for college on noneducational expenses, a study finds
 

Wally

BrownCafe Innovator & King of Puns
That number is actually misleadingly small, because it doesn't take into account that student loans go to housing and food too.

Less than half of students have a job.
They're just living off of government money, and calling it "education".
Seems to me most could have picked a different college path, one way less expensive. They would have ended up like the debt free students that now get nothing, meanwhile those living off credit get $10k.
 

DriveInDriveOut

Inordinately Right
Jeff Bezos is pissed someone smaller than him got a break? I am shocked.

Get Trump back in office so billionaires can get more tax breaks!
Joe Biden is giving 10,000 dollars to households making a quarter of a million dollars a year.

Just Democrats doing what they do best, screwing over the working man.
 

Wally

BrownCafe Innovator & King of Puns
Was it just a wall st bailout?

View attachment 397805
You believe this crap? They forced this poor kid to borrow all that money!

 

Babagounj

Strength through joy
Now to justify this latest move the democrats are attempting to use deflect by pointing out other incidents of loan programs.
What they don't mention was that they also voted for these loan forgiveness policies.
That benefited players from both parties.
 

rickyb

Well-Known Member
You believe this crap? They forced this poor kid to borrow all that money!

Isnt babylon bee spoof news?
 
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